Living in Berkeley, New Jersey
Cost of living, income, home prices, rent and demographics of Berkeley · Census data 2020–2024
Berkeley has 44,634 residents with a median age of 61.3. The median household income is $66,008 (36% lower than the New Jersey median), the median home value is $310,000, the median rent is $1,683/month.
Berkeley at a glance
- Population
- 44,634
- Median age
- 61.3State: 40.1
- Median household income
- $66,008State: $103,556
- Median home value
- $310,000State: $454,400
- Median rent
- $1,683/moState: $1,720
- Homeowners
- 88.9%
- Bachelor's degree or higher
- 22.2%
- Average commute
- 34 min
Is Berkeley a good place to live?
Pros: Home values 32% lower than the state median; a poverty rate of 8%.
Cons: Median household income 36% lower than the New Jersey median; an average commute of 34 minutes; unemployment of 7.5%.
The weather is best in May–June and August–September.
Cost of living in Berkeley
Housing is the biggest part of the cost of living. In Berkeley the median home value is $310,000, 7% lower than the U.S. median. Renters pay a median of $1,683 per month, which is 45.9% of household income. Homeowners with a mortgage pay $1,925 a month in housing costs.
Berkeley median household income
The median household income in Berkeley is $66,008 and the income per person is $48,539. 8% of residents live below the poverty line (New Jersey: 9.7%).
Housing in Berkeley: homes for sale and rent
- Housing units
- 24,860
- Owner-occupied
- 88.9%
- Renter-occupied
- 11.1%
- Vacant
- 11.7%Includes seasonal homes
- Median year built
- 1980
- Average household size
- 2.01
Berkeley demographics
- Population
- 44,634
- Median age
- 61.3
- Under 18
- 11.6%
- 65 and older
- 42.6%
- Households
- 21,950
- Foreign-born
- 8.6%
- Veterans
- 8.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Berkeley ›
Education in Berkeley
22.2% of adults 25 and older in Berkeley have a bachelor's degree or higher (New Jersey: 43.6%), and 6.6% have a graduate or professional degree.
Jobs and commute in Berkeley
- Unemployment rate
- 7.5%State: 6.3%
- Average commute
- 34 minState: 31 min
- Work from home
- 11.4%
- Drive alone
- 78.6%
- Public transit
- 0.8%
- Walk to work
- 1.1%
- Homes with broadband
- 87.3%
Berkeley vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Berkeley | 44,634 | $66,008 | $310,000 | $1,683 |
| Beachwood | 11,088 | $106,858 | $352,600 | $2,335 |
| South Toms River | 3,716 | $103,503 | $299,700 | $2,063 |
| Pine Beach | 2,306 | $142,920 | $457,800 | $1,563 |
| Ocean Gate | 1,599 | $69,397 | $358,000 | $1,604 |
| Island Heights | 1,720 | $109,231 | $546,800 | $1,750 |
| Holiday City South | 4,270 | $51,660 | $266,700 | $1,821 |
| Holiday Heights | 2,121 | $58,297 | $338,900 | — |
| Silver Ridge | 1,279 | $32,293 | $226,500 | $1,375 |
More for people moving to Berkeley
Berkeley ZIP code ›Weather and climate ›Living in Berkeley: FAQ
What is the median household income in Berkeley, NJ?
The median household income in Berkeley is $66,008, 36% lower than the New Jersey median of $103,556 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Berkeley?
The median home value in Berkeley is $310,000, compared with $454,400 in New Jersey.
How much is rent in Berkeley?
The median gross rent in Berkeley is $1,683 per month, about 45.9% of household income.
Is Berkeley, NJ a good place to live?
Pluses: home values 32% lower than the state median; a poverty rate of 8%. Minuses: median household income 36% lower than the New Jersey median; an average commute of 34 minutes; unemployment of 7.5%.
What is the median age in Berkeley?
The median age in Berkeley is 61.3 years (New Jersey: 40.1).
How long is the commute in Berkeley?
The average commute to work in Berkeley is 34 minutes; 11.4% of workers work from home.
What is the unemployment rate in Berkeley?
The unemployment rate in Berkeley is 7.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Berkeley?
22.2% of adults in Berkeley have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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